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Structural breaks and energy efficiency in Fiji

Rao, Bhaskara B. and Rao, Gyaneshwar (2009) Structural breaks and energy efficiency in Fiji. Energy Policy, 37 (10). pp. 3959-3966. ISSN 0301-4215

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Abstract

This paper examines how energy-output ratios (EYRs) in Fiji have responded to the major energy crises and in particular if these ratios have declined after the energy shocks. The expectation is that energy efficiency should improve after an energy crisis. For this purpose we have used at first a few simpler procedures and then a recently developed more powerful tests for structural breaks by Bai and Perron [Bai, J., Perron, P., 1998. Estimating and testing linear models with multiple structural changes. Econometrica 66, 47–78; Bai, J., Perron, P., 2003a. Computation and analysis of multiple structural change models. Journal of Applied Econometrics 18, 1–22; Bai, J., Perron, P., 2003b. Critical values for multiple structural change tests. Econometrics Journal 6, 72–78]. Policy implications of our results are discussed.

Item Type: Journal Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 23 Nov 2009 07:51
Last Modified: 19 Mar 2012 13:03
URI: http://repository.usp.ac.fj/id/eprint/1117
UNSPECIFIED

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